|
Thousands of dollars, except per-share amounts and numbers of shares
Changes in certain components of shareholders equity were as follows:
| |
Series B, |
| |
ESOP |
Common |
| |
Preferred |
Stock |
Capital in |
|
|
|
|
Unearned |
| |
Stock |
Issued at |
Excess of |
|
Retained |
|
ESOP |
Deferred |
Treasury Stock |
 |
 |
| |
Issued |
Par Value |
Par Value |
|
Earnings |
|
Compensation |
Compensation |
Shares |
Amount |
 |
| Balance at September 30, 2001 |
$ |
40,528 |
$ |
332,662 |
$ |
148,690 |
|
$ |
3,130,188 |
|
$ |
(12,001) |
$ |
7,096 |
(73,425,478 |
) |
$ |
(937,790 |
) |
| Net income |
|
|
|
|
|
|
|
|
479,982 |
|
|
|
|
|
|
|
|
|
|
| Cash dividends: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Common ($.39 per share) |
|
|
|
|
|
|
|
|
(100,521 |
) |
|
|
|
|
|
|
|
|
|
| Preferred ($3.835 per share), |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| net of tax benefits |
|
|
|
|
|
|
|
|
(2,300 |
) |
|
|
|
|
|
|
|
|
|
| Common stock issued for: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Employee stock plans, net |
|
|
|
|
|
35,679 |
|
|
|
|
|
|
|
|
2,634,109 |
|
|
23,497 |
|
| Business acquisitions |
|
|
|
|
|
198 |
|
|
|
|
|
|
|
|
4,767 |
|
|
43 |
|
| Common stock held in trusts |
|
|
|
|
|
|
|
|
|
|
|
|
|
1,400 |
(42,141 |
) |
|
(1,400 |
) |
| Reduction in unearned ESOP |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| compensation for the year |
|
|
|
|
|
|
|
|
|
|
|
4,154 |
|
|
|
|
|
|
|
| Repurchase of common stock |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(6,607,800 |
) |
|
(223,961 |
) |
| Adjustment for redemption provisions |
|
(2,583 |
) |
|
|
555 |
|
|
|
|
|
|
|
|
304,295 |
|
|
2,028 |
|
 |
| Balance at September 30, 2002 |
$ |
37,945 |
$ |
332,662 |
$ |
185,122 |
|
$ |
3,507,349 |
|
$ |
(7,847) |
$ |
8,496 |
(77,132,248 |
) |
$ |
(1,137,583 |
) |
| Net income |
|
|
|
|
|
|
|
|
547,056 |
|
|
|
|
|
|
|
|
|
|
| Cash dividends: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Common ($.40 per share) |
|
|
|
|
|
|
|
|
(101,612 |
) |
|
|
|
|
|
|
|
|
|
| Preferred ($3.835 per share), |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| net of tax benefits |
|
|
|
|
|
|
|
|
(2,201 |
) |
|
|
|
|
|
|
|
|
|
| Common stock issued for: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Employee stock plans, net |
|
|
|
|
|
71,206 |
|
|
|
|
|
|
|
|
5,048,394 |
|
|
45,357 |
|
| Business acquisitions |
|
|
|
|
|
97 |
|
|
|
|
|
|
|
|
2,487 |
|
|
24 |
|
| Common stock held in trusts |
|
|
|
|
|
|
|
|
|
|
|
|
|
478 |
(18,440 |
) |
|
(478 |
) |
| Reduction in unearned ESOP |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| compensation for the year |
|
|
|
|
|
|
|
|
|
|
|
4,154 |
|
|
|
|
|
|
|
| Repurchase of common stock |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(9,784,200 |
) |
|
(349,998 |
) |
| Adjustment for redemption provisions |
|
(3,497 |
) |
|
|
753 |
|
|
|
|
|
|
|
|
355,125 |
|
|
2,744 |
|
 |
| Balance at September 30, 2003 |
$ |
34,448 |
$ |
332,662 |
$ |
257,178 |
|
$ |
3,950,592 |
|
$ |
(3,693) |
$ |
8,974 |
(81,528,882 |
) |
$ |
(1,439,934 |
) |
| Net income |
|
|
|
|
|
|
|
|
467,402 |
|
|
|
|
|
|
|
|
|
|
| Cash dividends: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Common ($.60 per share) |
|
|
|
|
|
|
|
|
(151,093 |
) |
|
|
|
|
|
|
|
|
|
| Preferred ($3.835 per share), |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| net of tax benefits |
|
|
|
|
|
|
|
|
(2,123 |
) |
|
|
|
|
|
|
|
|
|
| Common stock issued for: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Employee stock plans, net |
|
|
|
|
|
156,478 |
|
|
|
|
|
|
|
|
7,408,051 |
|
|
71,725 |
|
| Business acquisitions |
|
|
|
|
|
149 |
|
|
|
|
|
|
|
|
3,545 |
|
|
35 |
|
| Common stock held in trusts |
|
|
|
|
|
|
|
|
|
|
|
|
|
1,248 |
(17,376 |
) |
|
(1,248 |
) |
| Reduction in unearned ESOP |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| compensation for the year |
|
|
|
|
|
|
|
|
|
|
|
3,693 |
|
|
|
|
|
|
|
| Repurchase of common stock |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(9,551,286 |
) |
|
(449,930 |
) |
| Adjustment for redemption provisions |
|
(3,306 |
) |
|
|
710 |
|
|
|
|
|
|
|
|
358,653 |
|
|
2,596 |
|
 |
| Balance at September 30, 2004 |
$ |
31,142 |
$ |
332,662 |
$ |
414,515 |
|
$ |
4,264,778 |
|
$ |
|
$ |
10,222 |
(83,327,295 |
) |
$ |
(1,816,756 |
) |
 |
Common stock held in trusts represents rabbi trusts in connection with the Companys employee salary and bonus deferral plan and Directors deferral plan.
Preferred Stock Purchase Rights
In accordance with the Companys shareholder rights plan, each certificate representing a share of outstanding common stock of the Company also represents one Preferred Stock Purchase Right (a Right). Each whole Right entitles the registered holder to purchase from the Company one eight-hundredths of a share of Preferred Stock, Series A, par value $1.00 per share, at a price of $67.50. The Rights will not become exercisable unless and until, among other things, a third party acquires 15% or more of the Companys outstanding common stock. The Rights are redeemable under certain circumstances at $.01 per Right and will expire, unless earlier redeemed, on April 25, 2006. There are 500,000 shares of preferred stock designated Series A, none of which has been issued.
|